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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

Cardinal Energy Ltd. is a Canadian oil and natural gas company with operations focused on low decline oil in Western Canada. The Company is engaged in the acquisition, development, optimization and production of crude oil and natural gas in the provinces of Alberta, British Columbia and Saskatchewan. Its operating areas include the Midale, South District, Central District, and North District. Its Midale operating area of over 730 million barrels of original oil in place (OOIP) and its low decline in production of 3,200 barrels of oil equivalent per day (boe/d) (net) is supported by both waterflood and CO2 enhanced oil recovery. Its South District operating area is located east of Calgary in southeastern Alberta and produces medium gravity crude, as well as liquids-rich natural gas. Its Central District operation is located in East Central Alberta, which is focused on producing oil from multiple, large OOIP pools. Its North area includes Grande Prairie, Clearwater and other properties.


TSX:CJ - Post by User

Comment by Quintessential1on May 29, 2024 8:01am
88 Views
Post# 36061826

RE:Some numbers

RE:Some numbersThis is great info.  Did you prep it yourself or is it from a site and if it is from a site do you have a link please?

GLTY and all

scienceguy36 wrote:
I currently have shares in GXE and CJ for the dividends and CJ for the most upside if prices increase. As you can see all except BTE are heavily dependent on WCS pricing.
I would expect all these stocks to increase as oil price increases. The spread for WTI/WCS today is $10.90.  Do your own due diligence.


                Debt         Shares             Production                                  Dividend

BTE        2 billion     856,000             153,000 b/d  (forecast 2H/23)          N/A
 * WCS 22% weighted

TVE        1.32 bil       557,000            68,000 b/d                                    .15 per annum 4.70% yield
*WCS 50% weighted

SGY        332 mil       98,000            25,000 b/d                                      .48 per annum 6.87% yield
*WCS 50% weighted

CJ           78 mil          159,000         21,700 b/d                                       .72 per annum 10.73% yield
*WCS 55% weighted

GXE         12.8 mil      261,000          5,900 b/d                                     .12 per annum 12.50% yield
*WCS 55% weighted


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